Brookfield Drops $1.2B on IOS-Heavy REIT + 12 More Deals Close

Brookfield agreed to acquire Peakstone Realty Trust for ~$1.2B, including 60 IOS properties. Plus Rexford reported 97.8% IOS occupancy, and 12 more deals closed across the country.

Brookfield Drops $1.2B on IOS-Heavy REIT + 12 More Deals Close

IOS Deal Flow Newsletter

The IOS market just had its busiest week and a half in recent memory. Deal flow stayed strong across the U.S. with portfolio-scale institutional acquisitions, repeat-buyer infill purchases, credit-platform financings, and yard-heavy leases. Translation? The big players are still buying, the operators are still expanding, and the sector is showing no signs of slowing down.

🏦 The Headline You Can't Ignore

Brookfield to Acquire IOS-Heavy REIT for $1.2B

Brookfield Asset Management agreed to acquire **Peakstone Realty Trust** for approximately $1.2 billion all-cash ($21 per share). Peakstone's portfolio includes **60 industrial outdoor storage properties** plus traditional industrial assets. This is the kind of move that makes everyone in the sector sit up and pay attention.

**Deal Leadership:** - **Brookfield Deal Lead:** Lowell Baron - **Peakstone Led By:** Michael Escalante - **Financial Advisor:** Citigroup Global Markets - **Legal Advisor:** Gibson, Dunn & Crutcher LLP

**Expected Close:** End of Q2 2026

When Brookfield writes a check this size for IOS assets, it's a pretty clear signal that institutional capital sees long-term value in this sector.

📍 Other Major Platform & Market Moves

#### 🧱 Rexford Highlights IOS Scale + Occupancy

Rexford Industrial Realty reported its improved land and IOS sites now total approximately **191.9 acres and were 97.8% leased** as of December 31, 2025. They also executed a 3-year lease extension with their largest tenant, Tireco, extending the term to April 30, 2030 at a 1.1M SF facility in the Inland Empire. 97.8% leased? That's not just good. That's "we could probably charge more" good.

#### 🎟️ Industry Event: NAIOS Summit (Atlanta)

The National Association of Industrial Outdoor Storage announced its 3rd annual IOS Summit on **Thursday, May 14, 2026** at Pullman Yards in Atlanta. Attendance is screened with priority given to owners, operators, tenants, brokers, investors, and developers.

#### 📊 Realterm's $111M Portfolio Sale (Quick Recap)

Axis Partners announced the **$111M sale of a 22-property / ~85-acre IOS portfolio to Realterm**. The portfolio features a diversified tenant roster with assets across major logistics hubs. This deal made headlines last week and continues to be a talking point across the sector.

🌵 Closed Transactions (Acquisitions & Dispositions)

DEAL #1: FONTANA, CALIFORNIA

11-Acre Inland Empire IOS Sale

PROPERTY 13680 Slover Avenue, Fontana

SITE ~11 acres

BUILDINGS 19,860 SF

BROKERAGE Cushman & Wakefield

**Deal Team:** Nico Napolitano, Jeffrey Cole, Kristen Schottmiller (Cole-Napolitano Team)

DEAL #2: PALMETTO, FLORIDA

$3.75M Sale (7 Acres)

PROPERTY 3208 17th Street East, Palmetto

PRICE $3.75M

SITE ~7 acres

BUILDING 3,816 SF

**Buyer:** The Macritchie Group
**Seller:** Roadworthy Trailer Sales
**Brokerage:** Kassin Sabbagh Realty (Joseph Kassin, Steven Pollan)

DEAL #3: SOUTH PLAINFIELD, NEW JERSEY

Transport Properties Acquisition (6.7 Acres)

PROPERTY 110 Sylvania Place, South Plainfield

SITE 6.7 acres

IMPROVEMENTS 30,000 SF warehouse + repair facility

FEATURES Fully paved lot

**Buyer Deal Lead:** Alexander Mollozzi
**Brokerage:** Colliers (TJ Calderone, Doug Bansbach, Linda Hill)

DEAL #4: WESTFIELD, MASSACHUSETTS

The Spot Cos. Acquisition (10 Acres)

The Spot Companies continues its expansion with this acquisition, bringing their footprint to **100+ owned and leased IOS locations**. Not bad for a company that keeps quietly building one of the largest IOS portfolios in the country.

PROPERTY 160 Falcon Drive, Westfield

SITE ~10 acres

BUILDING ±18,000 SF cross-dock

PORTFOLIO SIZE 100+ locations

**Deal Team:** - Rob Levesque (R. Levesque Associates Inc.) - Danielle Justo, Yana Zheng (Rich May PC) - Jason LaBella, Jordan Plummer (Much Shelist PC) - Company Lead: Lee Guthman

DEAL #5: HOUSTON, TEXAS

Zenith Acquisition (FleetPride-Leased)

PROPERTIES 11049 & 11051 Eastex Freeway, Houston

IMPROVEMENTS 3 buildings totaling 31,540 SF

TYPE IOS / low coverage

TENANT FleetPride (leased)

**Buyer Team:** Peter Cannon, Max Rodenborn
**Seller Representation:** Griff Bandy, Wyatt Huff, Hunter Stockard (Partners)

DEAL #6: BALTIMORE, MARYLAND

Two Separate IOS/ISF Buys (Same Week)

Baltimore had a busy week with two separate IOS acquisitions closing within days of each other. When it rains, it pours.

#### Deal 6A: Catalyst Acquisition - **Property:** 240 S Kresson Street - **Site:** 2.1 acres - **Building:** 9,600 SF service facility (8 drive-in doors) - **Catalyst Lead:** Connor Brophy - **Deal Support:** Jim Chivers, Will McCullough, John Roe (Gold & Co.)

#### Deal 6B: Greenspring Acquisition - **Property:** 3520 East Federal Street - **Site:** 1.6 acres - **Building:** 18,000 SF warehouse/distribution + secure outdoor storage - **GRP Deal Lead:** Daniel Flamholz - **Leasing/Marketing:** Matt Jackson, Goral Khatta

DEAL #7: RENO, NEVADA

Jadian IOS Buy (6.2 Acres)

PROPERTY 3705 Barron Way, Reno

SITE 6.2 acres

IMPROVEMENTS 8,500 SF shop/warehouse + 8,000 SF two-story office

**Jadian Deal Team:** Kees t'Sas, Alex Stahl, Zachary Friedman, Daniel Schuchinsky
**Seller Representation:** Kevin Annis, Michael Van Blaricom (ArchCrest Commercial Partners)

DEAL #8: WOONSOCKET, RHODE ISLAND

Alterra Acquisition (Providence MSA)

PROPERTY 707 E Park Drive, Woonsocket

SITE 2.1 usable acres

BUILDINGS 10,800 SF (2 buildings)

OCCUPANCY 100% leased

**Alterra Lead:** Sean Christman
**Brokerage:** Matty Drouillard, Stephen Flynn (The Stubblebine Company)

DEAL #9: CINCINNATI, OHIO

Alterra Acquisition (4.1 Usable Acres)

Alterra is on a roll. This is their second acquisition in this roundup, and they're clearly not done expanding.

PROPERTY 898 E Crescentville Road, Cincinnati

SITE ~4.1 usable acres

BUILDING 34,650 SF

ACCESS I-75 / I-275

**Alterra Leads:** Parker Pearson, E. Liam Loftus
**Brokerage:** Roddy MacEachen, SIOR (SqFt Commercial)

DEAL #10: ORANGE, CONNECTICUT

$1.8M Sale (1.28 Acres)

PROPERTY 304 Boston Post Road, Orange

PRICE $1.8M

SITE 1.28 acres

BUILDING 12,800 SF

**Type:** Mix of showroom/warehouse + outdoor storage
**Brokers:** Will Braun (seller rep), Ken Ginsberg (buyer rep)

DEAL #11: FORT PIERCE, FLORIDA

2.37-Acre Owner-User Buy (7,500 SF)

PROPERTY 705 N 39th Street, Fort Pierce

SITE 2.37 acres

BUILDING 7,500 SF warehouse

BUYER Owner/user (undisclosed)

**Broker:** Conor Mackin (Commercial Real Estate LLC)

💰 Financing (IOS Loans & Credit Platform)

FINANCING #1: $43.5M REFI LOAN

10-Property IOS Portfolio (Atlanta + Charleston)

Realterm isn't just buying properties. They're also providing credit to the sector through their lending platform. This $43.5M refinance loan secured 10 fully leased IOS sites across Atlanta and Charleston.

LOAN AMOUNT $43.5M

PORTFOLIO 10 fully leased IOS sites

MARKETS 9 in Atlanta metro + 1 in Charleston

LENDER Realterm (credit platform)

**Realterm Team:** Paul Sisson (Head of Credit), Kate Sarris, Cameron Barr

FINANCING #2: $7.5M LOAN

13.5-Acre IOS (Lithia Springs, GA)

LOAN AMOUNT $7.5M

PROPERTY 13.5 AC IOS property

LOCATION Lithia Springs, GA

STRUCTURE 3-year term, fixed rate, 20-year amortization

**Arranged By:** Brandon Harris (Black Bear Capital Partners)

🧾 Leases Signed (Yards & Service Facilities)

#### LEASE #1: LAREDO, TEXAS - 2.6-Acre IOS Lease (Century Trucking) - **Property:** 606 Grand Central Boulevard, Laredo - **Improvements:** 12,120 SF warehouse + 2.6 AC IOS - **Tenant:** Century Trucking Inc. - **Brokerage:** Juan Fraga (First Houston Properties) represented tenant

#### LEASE #2: SAN DIEGO, CALIFORNIA - 9.09-Acre Graded IOS Yard (Otay Mesa) - **Property:** 1400 Heritage Road, Otay Mesa, San Diego - **Landlord:** Prologis - **Tenant:** Brownfield Auto Auction and Storage - **Tenant Rep Team:** Ramin Salehi, James Hixson, Rob Hixson (CBRE)

#### LEASE #3: OMAHA, NEBRASKA - 1-Acre IOS Lease - **Property:** 1750 Mason Street, Omaha - **Improvements:** 4,392 SF building + 1 AC IOS - **Brokers:** John Meyer & Hilke Meyer (NAI NP Dodge)

#### LEASE #4: MEDLEY, FLORIDA - Container Facility Lease - **Property:** 9501 NW 106th St, Medley - **Brokers:** Wayne Ramoski, SIOR + Ivanna Leitner (Cushman & Wakefield team)

#### LEASE #5: CINCINNATI, OHIO - 3.5-Acre IOS Site Lease - **Property:** 5700 Este Ave, Cincinnati - **Site:** 3.5 AC fenced/gated - **Buildings:** 14,909 SF across four buildings - **Leasing:** SqFt Commercial

#### LEASE #6: PIEDMONT, SOUTH CAROLINA - 10,415 SF Industrial Lease - **Property:** 1400 Piedmont Highway, Piedmont - **Landlord Rep:** Matt Roos (Lee & Associates)

#### LEASE #7: LAWRENCE TOWNSHIP, NEW JERSEY - Fleet Maintenance User Lease - **Property:** 2572 Brunswick Pike, Lawrence Township - **Tenant:** Easton Coach Co. (charter bus operator) - **Space:** 48,000 SF for paratransit fleet maintenance/repair - **Landlord:** Velocity Venture Partners (65,000 SF remaining; marketed as flexible industrial with outdoor storage/power/docks/visibility)

👥 People & Platform Talent Moves

#### Colliers Expands South Carolina Platform (Includes IOS-Focused Group)

Colliers South Carolina added approximately 50 CRE professionals formerly with Lee & Associates Charleston, including IOS-focused APEX Investment Property Group leadership: **Jon-Michael Brock and Alex Whittemore**, plus additional Colliers SC leadership team members. When 50 people move as a group, that's not just a hire. That's a statement.

📌 On The Market (Selected IOS Listings)

#### FOR LEASE: Flint, Michigan - ±5 Acres Yard - **Site:** ±5 AC fenced/lit stabilized graveled yard - **Pricing:** Around $3,000/acre/month - **Leasing:** Ryan Ferris, CCIM (Colliers Detroit)

#### FOR LEASE: Rock Hill, South Carolina - 15-Acre IOS Site with 5,600 SF Building - **Site:** 15 AC (LI-zoned) - **Building:** 5,600 SF (16' clear, four 14' drive-in doors) - **Notes:** TI allowance referenced

📊 What It All Means

Themes from Jan 27 - Feb 5

• Institutional conviction is sharpening Brookfield's $1.2B Peakstone acquisition + Realterm's $111M portfolio buy + Realterm's credit-platform execution all point to one thing: scaled capital is staying active in IOS. These aren't one-off bets. These are platform-building moves.

• Repeat-buyer infill appetite remains strong Alterra and Greenspring both added assets and immediately pushed toward leasing and monetization. When the same buyers keep coming back to the market, it's a good sign they're making money on their existing holdings.

• Brokerage visibility is improving Multiple deals disclosed full teams across national and regional brokerages including C&W, Colliers, CBRE, KSR, Stream, SVN, Newmark, Northmarq, and others. More transparency in deal teams means more credibility for the sector.

• Service facility + yard is still the 'most liquid' format Many trades and leases centered on functional improvements like drive-in doors, maintenance bays, heavy power, and paved yards rather than pure land plays. The market is telling us what it wants: operational utility, not just acreage.

📬 Get Your Deal Featured

Closed a deal or signed a lease in IOS? We want to feature it in our next report.

**Reply with:** - Address, acres, building SF - Tenant/buyer/seller - Pricing/rent (if shareable) - Everyone involved (brokers, attorneys, lenders, title/escrow, internal deal team)